Germany's Schaeuble sees no Greek debt deal Wednesday: reports

NEW YORK (MarketWatch) -- German Finance Minister Wolfgang Schaeuble dismissed speculation that eurozone finance ministers and Greece would reach an agreement on a debt plan when they meet in Brussels on Wednesday, according to multiple news reports. Schaeuble, who was attending a meeting of the Group of 20 finance ministers in Istanbul on Tuesday, told reporters that if Greece doesn't want a new aid program, "then that's it," according to Reuters. Stocks were buoyed on unconfirmed talk that the European Commission would propose an extension of Greece's bailout program. Schaeuble said talk of a plan for any sort of "bridging" was "false." U.S. equities trimmed gains after Schaeuble's remarks but soon regained their footing. The S&P 500
SPX, -1.54%
remains up 0.5%, while the pan-European Stoxx 600 index
SXXP, -0.59%
ended the day with a gain of around 0.6%.

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